Response to Press Speculation

RNS Number : 0579R

Cohort PLC

03 March 2021

 

One Waterside Drive Arlington Business Park Reading Berks RG7 4SW 3 March 2021

COHORT PLC

("Cohort" or "the Group" or "the Company")

RESPONSE TO PRESS SPECULATION

The Company has become aware of press speculation that ELAC SONAR, a subsidiary of Cohort, has been selected to provide submarine sonar systems to an export customer.

The Company can confirm that ELAC SONAR is in discussions with an export customer about the provision of such systems. If these discussions are successful, the resulting contract would be significant in relation to the Group's order book and would enhance the visibility of future revenues, though it would not materially affect current market expectations of the Group's performance.

There is no guarantee the contract will be awarded to ELAC SONAR and the Company will provide a further update in due course.

ENDS

For further information, please contact:

Cohort plc		0118 909 0390
Andrew Thomis, Chief Executive Simon Walther, Finance Director Raquel McGrath, Company Secretary
Investec Bank plc		020 7597 5970
Daniel Adams / Christopher Baird
MHP Communications		020 3128 8100
Reg Hoare / Pete Lambie / Isabella Grace

NOTES TO EDITORS 

Cohort plc (www.cohortplc.com) is the parent company of six innovative, agile and responsive businesses based in the UK, Germany and Portugal, providing a wide range of services and products for domestic and export customers in defence and related markets.

Chess Technologies, through its operating businesses Chess Dynamics and Vision4ce, offers surveillance, tracking and fire-control systems to the defence and security markets. It was acquired by Cohort plc in December 2018. www.chess-dynamics.com & www.vision4ce.com

EID designs and manufactures advanced communications systems for naval and military customers. Cohort acquired a majority stake in June 2016.  www.eid.pt

ELAC SONAR supplies advanced sonar systems and underwater communications to global customers in the naval marketplace.  Acquired by Cohort in December 2020.  www.elac-sonar.de

MASS is a specialist data technology company serving the defence and security markets, focused on electronic warfare, digital services and training support.  Acquired by Cohort in August 2006. www.mass.co.uk

MCL designs, sources and supports advanced electronic and surveillance technology for UK end users including the MOD and other government agencies. MCL has been part of the Group since July 2014. www.marlboroughcomms.com

SEA delivers and supports technology-based products for the defence and transport markets alongside specialist research and training services. Acquired by Cohort in October 2007. www.sea.co.uk

Cohort (AIM: CHRT) was admitted to London's Alternative Investment Market in March 2006. It has headquarters in Reading, Berkshire and employs in total around 1,000 core staff there and at its other operating company sites across the UK, Germany and Portugal.

 

END

 

 

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